Newport Lofts condos for sale or rent in Las Vegas

Overview of Newport Lofts condos for sale and all MLS for sale and rental listings

Newport Lofts condos for sale are from 911 square foot one-story loft-style to 2730 square foot two-story lofts with floor-to-ceiling windows that provide fantastic views of Las Vegas.

This Las Vegas high-rise tower is a twenty-four-story building located on the North Las Vegas Strip with 168 units. The main floor has retail shops and levels 2-7 are parking garages.

Units are built with an open loft-style and have large terraces, exposed duct-work, and were built out with painted concrete flooring and granite countertops. Still, some buyers have modified condominiums, so they vary significantly in upgrades and are priced accordingly. A storage unit is included.

Condo sales increased significantly since 2020, and eleven of the thirteen deals occurred after the Covid-19 lockdown, followed by the all-time sales record at twenty-three in 2021. However, the lack of Newport Lofts condos for sale listings (only one at this time) has resulted in lower sales in 2022, as only six condo deals have closed by June 2022.

Increased demand and lower listing inventory have led to significant condo pricing appreciation. For example, unit 1111, a two-bedroom unit at Newport Lofts, sold for $399,900 in July 2020 and traded again for $460,000 in April 2021. Price appreciations are ongoing. Smaller condos are not selling at much of a discount, but it is possible to get a considerable discount on larger lofts that are priced unrealistically.

Searching Newport Lofts condos for sale listings

You can find all Newport Lofts condos for sale or rent listings below this article.

HOA fees for Newport Lofts condos

HOA fees at this building have to be done using the unit’s square footage since all condos have been sold initially without bedrooms.

HOA fees at Newport Lofts are $509 for 911 to 1077 square foot lofts, $620 for 1413 to 1650 square foot apartments, and $988 for 2015 to 2535 square foot penthouse units, including water, sewer, trash, and gas.

Interestingly, the smallest condominiums pay the highest fees per square foot. For example, the HOA fee for the 911 SF units is 56 cents per square foot, and for 1613 square foot units is 38 cents.

Newport Lofts condos for rent

As for sale listings, there aren’t many Newport Lofts condos for rent listed in the Las Vegas MLS, so if you want to lease a unit, don’t wait long. While the minimum rental period here is six months, most condos have been rented furnished for a year. But owners who furnish their rental unit and rent for six months or less can get a lot more in rent. Some property managers rent their condominiums for less than six months and apparently get away with it. All Newport Lofts condos for rent have been leased for the asking list price while rents continue to increase.

See all Newport Lofts condos for lease below this article and click on the for rent tab.

Amenities

Amenities at Newport Lofts include a rooftop pool with entertainment, the rooftop track and spa, fitness center, concierge, 24-hour doorman, recreation room with TV, pool table and lounge, and media room.